In a recent interview, US Senator Ted Cruz spoke about the merits of cryptocurrency while stating that Republicans and President-elect Donald Trump will unlock Bitcoin “like never before.” Indeed, the official talked with Cointelegraph about his hopes for the leading crypto in a crucial 2025.
Cruz has not been shy regarding his advocacy of the asset class. Moreover, in his recent discussions, he reiterated that he was “bullish on Bitcoin.” The growth of the token looks to be one of the biggest developments of the year, as the Senator is looking to make Texas a “crypto hub.”
Also Read: Ted Cruz Buys More Bitcoin: How Much BTC Does He Hold Now?
Ted Cruz Fighting Government Overreach to Make Texas and the US a Bitcoin Hub
With a crucial year ahead, the United States is looking to become a major player in the crypto space. Donald Trump long discussed the merits of the asset class en route to his 2024 election win. Moreover, his administration is discussing the implementation of the country’s first strategic BTC reserve.
That is a cause worth fighting, and one many politicians are embracing. In a recent interview, US Senator Ted Cruz predicted Trump and Republicans will unlock Bitcoin “like never before.” During the discussions, he talked about fighting regulatory oversight and making Texas a crypto hub.
Source: Fortune
Also Read: Texas Introduces Bill to Ban Central Bank Digital Currency (CDBC)
“I’m proud to lead the fight to defend cryptocurrency from overreaching government regulation,” Cruz said. “I introduced legislation to prohibit the development of a central bank digital currency and to clarify that the Federal Reserve has no authority to do so unilaterally.”
Additionally, he discussed why Trump’s win was so important for Bitcoin. “Most congressional Democrats are deeply skeptical of Bitcoin. They don’t like that it creates individual freedom, privacy, autonomy, and independence from the government.”
“Republicans will unleash small businesses and cryptocurrency like never before,” he added. Conversely, he called the state of Texas “an oasis for Bitcoin.” Specifically, he noted the state has a “frontier mentality.” With low-cost energy a key facet of the state and low taxes, Cruz appears committed to making the state a major player in the global crypto industry.
